Regulatory Alerts2024-12-05
Added
Information Paper on Artificial Intelligence Model Risk Management
The Monetary Authority of Singapore issued an information paper outlining good practices for Artificial Intelligence model risk management based on a mid-2024 thematic review of banks. The guidance focuses on governance and oversight, key risk management systems and processes, and the development and deployment of AI models. MAS encourages all financial institutions to reference these practices when developing and deploying AI technologies.
Topics
Share